Citrus Pulp Pellets Market Size, Share, Opportunities, And Trends By Form (Orange-based, Grapefruit-based, Other), By Application (Swine Feed, Diary Feed, Others), And By Geography - Forecasts From 2023 To 2028
- Published : May 2023
- Report Code : KSI061615419
- Pages : 140
Citrus pulp is a by-product of the citrus fruit processing industry which is dried, limed & processed into pellets, and used as a valuable feed ingredient for livestock, particularly for ruminants like dairy cows and beef cattle. The pellets are dark brown and have a pleasant citrusy fragrance. Citrus pulp pellets are a fantastic source of energy since it has a high concentration of fiber and soluble carbohydrates. The citrus pulp pellets market encompasses the production, distribution, and utilization of these pellets across different industries.
The citrus pulp pellets market is primarily driven by the increasing demand for nutritious and sustainable animal feed products. Citrus pulp pellets are commonly used as a feed ingredient for livestock, particularly ruminants, such as dairy cows and beef cattle. The high fiber content and nutritional value of citrus pulp make it a valuable component of animal feed formulations. As the demand for animal protein and dairy products increases, so does the demand for citrus pulp pellets as an economical and nutritious feed ingredient. According to the FEFAC's latest report, domesticated animals in Europe consumed almost 701 million tonnes in 2021. The European animal feed industry produced 150.3 million tonnes of feed products in 2021.
However, challenges such as seasonal availability & supply, stiff competition from alternative feed ingredients, and stringent regulatory norms pose potential restraints to market growth. Manufacturers and stakeholders in this market are actively exploring new applications and value-added products to meet the evolving demands of various industries.
During the anticipation period, growing demand for nutritious and sustainable animal feed products will support the growth of the global citrus pulp pellets market.
Citrus pulp is rich in fiber, carbohydrates, vitamins, and minerals, making it a nutritious addition to animal feed formulations. The inclusion of citrus pulp pellets in animal diets enhances the overall nutritional profile, supporting animal health and productivity. The high fiber content aids in rumen health and digestion, promoting better feed utilization and improved performance. Citrus pulp pellets can enhance milk's fat content by raising the rumen's production of acetic acid and the quantity and quality of NDF. It also includes an essential oil called Limonene and is useful as a dietary supplement. The citrus pulp pellets market aligns with the growing demand for sustainable practices in the agricultural sector. By utilizing citrus pulp, a byproduct that would otherwise be disposed of, the market contributes to waste reduction and minimizes the environmental footprint of the citrus fruit processing industry. Therefore growing demand for nutritious and eco-friendly animal feed by farmers is one of the primary factors driving the growth of this market.
Apart from its use in animal feed, citrus pulp pellets find applications in other industries as well. These pellets can be used as a biomass fuel source, contributing to the production of renewable energy. Furthermore, citrus pulp pellets are being explored as a functional ingredient in the food and beverage industry, where they can enhance the nutritional profile and flavor of various products.
During the forecast period, North America is anticipated to hold a significant share of the global citrus pulp pellets market.
North American region will experience rapid expansion throughout the projection period due to the growing demand animal feed industry. According to a study conducted by the American Feed Industry Association, domesticated animals and pets consumed 284 million tonnes of animal feed in 2019. The midwestern state of Iowa had the highest consumption of animal feed at 28.8 million tonnes. According to the Animal Nutrition Association of Canada, farmed animals in Canada consumed 28.8 million tonnes of feed in 2020. This region's market is also expanding as a result of the growing emphasis on sustainable aquaculture practices. Moreover, the presence of a well-established agriculture and feed industry and increasing investment are also spurring regional demand for citrus pulp pellets. In addition, the prevalence of key market players such as Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle PLC, and others also spur the growth of citrus pulp pellets in this region.
Market Key Developments
- In May 2023, American multinational feed company Cargill announced that they are developing a brand-new plant that will be utilized exclusively to produce feed for future and existing agricultural retail stores in North America. To better serve their retail customers and their farm and ranch clients in the Pacific Northwestern region, they have expanded our retail feed footprint with the new Granger plant.
- In May 2023, Japfa Comfeed Vietnam announced that they are opening a new animal feed mill at the Minh Hng Sikico Industrial Park, Hn Qun District, Bnh Phc Province. The company's "Feed-Farm-Food" strategy has reached a new turning point with the opening of the new facility, which also demonstrates its dedication to sustainable growth in the Vietnamese market.
- In May 2023, DSM-Firmenich has confirmed that after their merger they are planning on opening a new business unit in the fields of human and animal nutrition. The corporation claims that this unit intends to produce healthy animal proteins effectively and sustainably, utilizing the power of data to improve the efficiency, productivity, and transparency of animal farming practices.
- By Form
- By Application
- Swine Feed
- Diary Feed
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. CITRUS PULP PELLETS MARKET, BY FORM
6. CITRUS PULP PELLETS MARKET, BY APPLICATION
6.2. Swine Feed
6.3. Diary Feed
7. CITRUS PULP PELLETS MARKET, BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.4.1. United Kingdom
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.4. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Louis Dreyfus Citrus
9.2. Furst-McNess Company
9.3. LaBudde Group Inc.
9.4. Suwannee Valley Feeds LLC
9.5. KW Alternative Feeds
9.6. Cefetra Group
9.8. Citrosuco North America, Inc.
9.9. Citrus Products of Belize Limited (CPBL)
Louis Dreyfus Citrus
LaBudde Group Inc.
Suwannee Valley Feeds LLC
KW Alternative Feeds
Citrosuco North America, Inc.
Citrus Products of Belize Limited (CPBL)
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